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Gold jumps on ME tension, Japan quakeGold defied weaker oil prices and gained on Friday after a major earthquake struck northeast Japan and lingering worries about further unrest in the Middle East supported bullion. But spot gold remained on track for its biggest weekly decl More… |
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Oil could hit $220 on ME tensionOil prices could peak at more than $220 a barrel if Libya and Algeria both halted production as a result of spreading violence in the Middle East and North Africa, Japanese bank Nomura said. Analysts compared the current situation to the 1 More… |
